Canadian Dollar tumbles after US NFP drives markets fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
In Canada, a number of data releases are scheduled for this week. On Tuesday, the Ivey Purchasing Managers' Index (PMIs) came out, which will be followed by the summary of deliberations from the most recent Bank of Canada meeting on Wednesday. The report is analogous to the meeting minutes and will provide investors with a comprehensive record of the discussions that took place on January 24. On Friday, the employment data for January will determine if the upward trajectory of the jobless rate persists.
The Canadian Dollar (CAD) is broadly higher for Friday, gaining ground against nearly every major currency peer across the FX market, but the US Dollar (USD) has taken the top spot for the day after US Nonfarm Payrolls (NFP) surged to their highest figure in a year.